Frank Purnell Email & Phone Number

Walnut Creek, Ca, Us

Walnut Creek, Ca, Us

At Derivative Path, we are approaching the over-the-counter derivative markets with a fresh, technology-driven services offering. We provide a technology-led solution to assist financial institutions and commercial end users in executing and managing their over-the-counter interest rate derivative transactions. We are a team of experienced bankers who are combining efforts to help clients navigate the complex derivatives markets of today. Please visit us at www.derivativepath.com

Walnut Creek, Ca, Us

At Derivative Path, we are approaching the over-the-counter derivative markets with a fresh, technology-driven services offering. We provide a technology-led solution to assist financial institutions and commercial end users in executing and managing their over-the-counter interest rate derivative transactions. We are a team of experienced bankers who are combining efforts to help clients navigate the complex derivatives markets of today. Please visit us at www.derivativepath.com

San Francisco, California, Us

Wells Fargo Securities offers a broad spectrum of capital markets services including hedging interest rate, commodity, and equity exposures. Wells Fargo is the fourth largest US bank in the commodities space in terms of outstanding notional volume.► ResponsibilitiesManaged the agricultural and metals trading desk. Partnered with sales, risk management, technology, operations, and management to drive the expansion of trading capabilities in grains, dairy, and metals in terms of both product coverage and structuring.• Managed trading’s role in product coverage of LME metals, CBOT grains, and dairy components.• Oversaw the development of the front office trading and risk management tools in support of new products in ags and metals.• Actively traded the proprietary grains book with the extensive use of option strategies.► Select Accomplishments• Converted a regulatory constraint on the business (futures position limits) into a revenue opportunity by matching client driven exchange for risk flows with institutional ETF counterparties, offsetting futures positions and capturing bid/ask on both sides.• Mentored associate level traders, taking them from the mechanics of pricing and hedging individual trades through the ability to own a book of risk with limited oversight.• Active stakeholder and project participant in a variety of technical initiatives around new regulatory constraints and processes.

San Francisco, California, Us

► ResponsibilitiesTraded multiple products across the commodities complex including crude oil, distillate products, natural gas, agricultural products, and metals. Developed pricing, hedging, and risk reporting models utilized on the desk for position management and P&L reporting.► Select Accomplishments• Integrated front office risk management systems with Calypso• Built out pricing models for variable volume swaps and options, aligning desk capabilities with the needs of the largest bank clients.• Successfully consolidated the crude and refined product books, developing the underlying pricing and hedging tools to manage them as a book of crude and crack spreads capturing additional trading revenue.

San Francisco, California, Us

Developed a web-based Interest Rate Derivatives sales database with direct linkages to a legacy Calypso front office installation.Responsible for coordinating internal partners and offshore coding development ensuring seamless execution of design specifications.• Performed detailed requirements specifications, use case scenarios, functional diagrams, and coding specifications.• Managed local developers in conjunction with off-shore resources (Cognizant Technologies). • Utilized an iterative development cycle to ensure project success in a dynamic requirementsenvironment.

Cleveland , Ohio, Us

Responsible for managing the customer interest rates derivatives desk leading a team of three traders transacting in Libor, Prime, BMA, and Commercial Paper swaps and options.Warehoused and managed interest rate and basis risk for odd-lot client driven transactions.• Worked closely with sales team, brokers, and interbank counterparties to manage a book of odd-tenor, amortizing interest rate swaps on a variety of indices.• Managed risk within desk and compliance mandates. • Executed bank treasury transactions on behalf of the treasury group.

Cleveland , Ohio, Us

Designed and developed a web-based sales marketing database complete with real-time deal pricing, tracking, and direct linkages to traders’ and back office legacy trading systems.Created a seamless front-to-back transaction processing system linking sales, trading, and the back office.• Developed pricing models for Libor, Prime, BMA, and Commercial Paper swaps and options. • Priced, executed, and hedged bank client transactions. • Communicated market color, trends, and trading ideas to sales staff.

Cleveland , Ohio, Us

Managed systems projects in support of KeyBank Capital Markets. Supported Interest Rate Derivatives, FX, and Risk Management Platforms. Responsible for a team of four developers and outside contractors.

Wilmington, Delaware, Us

Supported accounting, inventory, and sales management systems. Replaced thousands of pages per month of hard-copy sales reports with a flexible, Excel-based sales reporting system.